Today it seems there’s nothing much to analyze either; we are all too familiar with this kind of trend. Do you feel it?

Market information can be deceptive, but the relationship between patterns and volume—positive or negative—never lies. This is actually the core of Chanlun. You need to have skill; lacking heart and soul won't do. If you still can't understand, maybe you really shouldn't learn these complex things.

Currently, as expected yesterday, a smooth bearish trend has formed. Successfully breaking through the long-term key bullish/bearish level of 1695.
In the short-term, the trend entering a sideways consolidation will only result in two situations:
1. The trend continues downward on the 15-minute chart, testing the last defense line at 1600.
2. During the oscillation, a 15-minute central pivot is upgraded, creating confusing movements that shake out more traders.
At present, 1688 is the key resistance level for the rebound. The oscillation below suggests that both scenarios are correct, but the second can produce multiple complex movements or even end this decline.
Today’s key point is whether the 1663 support is effectively broken; this is one of the important factors in judging the two scenarios.
Effective break means at least two consecutive 15-minute candles close below this level, without large-volume rebounds. $ETH